Colonial River Investments LLC Sells 19 Shares of Costco Wholesale Co. (NASDAQ:COST)

Colonial River Investments LLC lowered its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 0.8% during the 4th quarter, HoldingsChannel.com reports. The firm owned 2,429 shares of the retailer’s stock after selling 19 shares during the quarter. Costco Wholesale makes up 1.1% of Colonial River Investments LLC’s holdings, making the stock its 23rd biggest position. Colonial River Investments LLC’s holdings in Costco Wholesale were worth $2,225,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Cromwell Holdings LLC boosted its holdings in Costco Wholesale by 0.9% during the 4th quarter. Cromwell Holdings LLC now owns 1,144 shares of the retailer’s stock valued at $1,048,000 after acquiring an additional 10 shares during the period. 44 Wealth Management LLC boosted its holdings in Costco Wholesale by 0.3% during the 4th quarter. 44 Wealth Management LLC now owns 3,488 shares of the retailer’s stock valued at $3,196,000 after acquiring an additional 10 shares during the period. Sculati Wealth Management LLC boosted its holdings in Costco Wholesale by 0.3% during the 3rd quarter. Sculati Wealth Management LLC now owns 3,649 shares of the retailer’s stock valued at $3,235,000 after acquiring an additional 11 shares during the period. Sivia Capital Partners LLC boosted its holdings in Costco Wholesale by 0.3% during the 4th quarter. Sivia Capital Partners LLC now owns 3,708 shares of the retailer’s stock valued at $3,398,000 after acquiring an additional 11 shares during the period. Finally, Gill Capital Partners LLC boosted its holdings in Costco Wholesale by 0.9% during the 4th quarter. Gill Capital Partners LLC now owns 1,270 shares of the retailer’s stock valued at $1,164,000 after acquiring an additional 11 shares during the period. Institutional investors own 68.48% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on COST shares. Roth Mkm boosted their price objective on Costco Wholesale from $755.00 to $907.00 and gave the company a “neutral” rating in a report on Friday, December 13th. Truist Financial boosted their price objective on Costco Wholesale from $909.00 to $935.00 and gave the company a “hold” rating in a report on Friday, December 13th. Jefferies Financial Group boosted their price objective on Costco Wholesale from $1,050.00 to $1,145.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Citigroup upped their target price on Costco Wholesale from $800.00 to $1,060.00 and gave the stock a “neutral” rating in a report on Wednesday, December 18th. Finally, Oppenheimer reiterated an “outperform” rating and issued a $1,075.00 target price (up from $980.00) on shares of Costco Wholesale in a report on Tuesday, December 10th. Ten analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $1,021.93.

Costco Wholesale Trading Up 0.0 %

Shares of NASDAQ:COST opened at $1,035.03 on Monday. The business’s 50-day moving average is $975.61 and its 200 day moving average is $932.24. Costco Wholesale Co. has a 1 year low of $697.27 and a 1 year high of $1,078.23. The firm has a market capitalization of $459.45 billion, a P/E ratio of 60.78, a P/E/G ratio of 6.15 and a beta of 0.84. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.43.

Costco Wholesale Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were given a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a yield of 0.45%. The ex-dividend date of this dividend was Friday, February 7th. Costco Wholesale’s dividend payout ratio is currently 27.25%.

Costco Wholesale Company Profile

Costco Wholesale Corporation, together with its subsidiaries, engages in the operation of membership warehouses in the United States, Puerto Rico, Canada, Mexico, Japan, the United Kingdom, Korea, Australia, Taiwan, China, Spain, France, Iceland, New Zealand, and Sweden. The company offers branded and private-label products in a range of merchandise categories.